TBA Law Blog


Posted by: Stacey Shrader Joslin on Feb 22, 2022

Members of the Sackler family who own OxyContin maker Purdue Pharma are willing to kick in more money — up to $6 billion total — to settle thousands of lawsuits over the toll of opioids, according to a federal mediator. The company is trying to work out a deal with state attorneys general who rejected an earlier settlement, the Associated Press reports. Under the latest proposal, the Sacklers would contribute between $5.5 billion and $6 billion, an increase from the $4.3 billion they had agreed to in the original bankruptcy settlement. The funds would have to be used to combat the opioid crisis that has been linked to more than 500,000 deaths in the United States over the past two decades.